19
Dec
15:00
Iron ore slumps as Covid spreads
Seaborne iron ore prices slipped on Monday as the Chinese steel market fell. The lifting of Covid restrictions in China has led to a surge in cases, affecting the resumption of economic activity.
The Kallanish KORE 62% Fe index lost $4.74/t on Monday to $109.07/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index was $4.54/t lower at $122.55/dmt cfr, and the KORE 58% Fe index declined $2.81/t to $95.46/dmt cfr. 90,000 tonnes …
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Anonymous
Very good overview of the weekly steel market.
Anonymous